Pre Market Report : 07.01.2019
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Pre Session: Sensex, Nifty to open higher; Titan in focus
07/01/2019 08:57
Indian benchmark equity indices are set to see a gap-up start on Monday, as a host of global triggers including resumption of US-China talks, US Fed’s dovish comment on rate hike, strong US jobs data and solid Asian trading ensure domestic indices has a good start to the week. Asian shares got off to a rousing start on Monday as a dovish turn by the Federal Reserve and startlingly strong US jobs data soothed some of the market’s worst fears about the global outlook. US President Donald Trump said on Sunday that the talks were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal. Oil prices rose by around 1 per cent on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,882.00 up by 103.50.
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